A key search deal between Apple and Google faces a big risk, analysts say – Quartz
The Department of Justice could block Google (GOOGL) from being the default search engine on Apple’s (AAPL) iPhone as part of its antitrust victory against the tech giant.
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In August, a federal judge ruled that Google monopolized the online search engine market. Analysts at Jefferies (JEF) said a “very likely” outcome could be that the Justice Department will opt to ban Google from paying Apple to be the exclusive search engine on the popular smartphone.
That could pose a major blow to Apple’s revenues. According to the analysts’ estimates, revenue from this deal is around $25 billion for the year, or about 6.3% of Apple’s revenue and a whopping 20% of its pretax profit.
This ban could take place over the course of several…
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source: https://news.oneseocompany.com/2024/10/17/a-key-search-deal-between-apple-and-google-faces-a-big-risk-analysts-say-quartz_2024101758627.html
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